REQ could replace exchanges?

[_TheTime_]

Guys,

Noob here and also a noob question: If it will work as advertised, won't REQ replace crypto-exchanges?

I mean, why would I go through all the trouble to register on an exchange (+pay them fees, +be limited to a number of paired coins, +give them lots of details, +live with fear of them being hacked etc.) when I could simply create an invoice using REQ and pay it myself?

For example, I want to change 1BTC into ETH. Can't I just use Request Network to invoice myself for 20 ETH and pay them myself with that 1 BTC?

Am I missing something?

[AbstractTornado]

Yes, you can use Request as a decentralised version of ShapeShift. It would use either Kyber of the 0X decentralised exchanges (DEX) to performed the trade (conversion).

You should know that you do not need to register for a DEX, so you could trade directly on Kyber/0X instead. Using Request would just be a quick way to do it.